Babylon Holdings Limited (NYSE:BBLN) Sees Large Increase in Short Interest

Babylon Holdings Limited (NYSE:BBLNGet Rating) was the target of a large growth in short interest in the month of May. As of May 15th, there was short interest totalling 518,300 shares, a growth of 97.0% from the April 30th total of 263,100 shares. Based on an average daily trading volume, of 756,000 shares, the days-to-cover ratio is presently 0.7 days. Approximately 0.6% of the company’s stock are short sold.

Shares of BBLN stock opened at $1.05 on Friday. The business’s 50 day simple moving average is $2.47. The company has a current ratio of 2.20, a quick ratio of 2.20 and a debt-to-equity ratio of 3.30. Babylon has a 12-month low of $0.95 and a 12-month high of $16.00.

Babylon (NYSE:BBLNGet Rating) last issued its quarterly earnings results on Thursday, May 12th. The company reported ($0.24) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.23) by ($0.01). The business had revenue of $266.45 million during the quarter, compared to the consensus estimate of $238.49 million. On average, research analysts predict that Babylon will post -1.12 EPS for the current year.

Several institutional investors have recently made changes to their positions in the business. Kinnevik AB publ acquired a new stake in shares of Babylon in the fourth quarter valued at approximately $320,315,000. AMF Tjanstepension AB acquired a new stake in shares of Babylon in the fourth quarter valued at approximately $34,980,000. Norges Bank acquired a new stake in shares of Babylon in the fourth quarter valued at approximately $2,614,000. Qube Research & Technologies Ltd acquired a new stake in Babylon during the fourth quarter worth $1,533,000. Finally, D. E. Shaw & Co. Inc. acquired a new stake in Babylon during the fourth quarter worth $1,395,000.

Several research firms have recently commented on BBLN. Canaccord Genuity Group reduced their price target on Babylon from $8.00 to $5.00 and set a “buy” rating for the company in a research report on Monday, May 16th. Zacks Investment Research lowered Babylon from a “hold” rating to a “sell” rating in a research report on Wednesday. BTIG Research reduced their target price on Babylon from $15.00 to $10.00 in a research report on Monday, April 25th. Berenberg Bank initiated coverage on Babylon in a research report on Thursday, April 28th. They set a “hold” rating and a $5.50 target price on the stock. Finally, Citigroup reduced their target price on Babylon from $5.00 to $1.50 in a research report on Friday, May 13th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $7.71.

About Babylon (Get Rating)

Babylon Holdings Limited operates as a digital healthcare company. It offers end-to-end care solution that facilities through its digital health suite, virtual care, in-person medical care, and post-care offerings. The company also provides Babylon Cloud services. It operates in the United Kingdom, the United States, the Asia Pacific, Canada, and internationally.

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